NPORT-EX 2 NPORT_19H7_6886771419.htm

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DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
				LONG-TERM INVESTMENTS - 151.6%
				Alabama - 2.2%
	$2,000			Jefferson Cnty. Brd. of Ed. Pub. Sch.
				Warrants,
				5.00%, 2/01/46			$2,473,643
				Alaska - 0.3%
	290			Anchorage Elec. Util. Rev.,
				Prerefunded 12/01/24 @ $100 (b)
				5.00%, 12/01/36			335,935
				Arizona - 4.6%
	1,350			Arizona Brd. of Regents Rev.,
				Arizona St. Univ.,
				5.00%, 7/01/37			1,631,014
	650			Arizona St. Hlth. Fac. Auth. Rev.,
				Scottsdale Lincoln Hosp. Proj.,
				5.00%, 12/01/42			742,660
	1,000			Maricopa Cnty. Indl. Dev. Auth. Rev.,
				Banner Hlth.,
				4.00%, 1/01/34			1,146,082
	190			Northern Arizona Univ. Rev.,
				5.00%, 6/01/40
				Prerefunded 6/01/24 @ $100 (b)			215,472
	310			Northern Arizona Univ. Rev.,
				5.00%, 6/01/40			346,374
	1,000			Northern Arizona Univ. SPEED Rev.,
				(Stimulus Plan for Econ. and Edl. Dev.),
				5.00%, 8/01/38
				Prerefunded 8/01/23 @ $100 (b)			1,096,550
							5,178,152
				California - 17.3%
	1,150			California St. Hlth. Facs. Fin. Auth. Rev.,
				Kaiser Permanente,
				4.00%, 11/01/44			1,340,351
	330			California St. Hlth. Facs. Fin. Auth. Rev.,
				Providence St. Joseph Hlth.,
				4.00%, 10/01/36			378,152
	1,500			California St. Hlth. Facs. Fin. Auth. Rev.,
				Sutter Hlth.,
				5.00%, 11/15/46
				Prerefunded 11/15/25 @ $100 (b)			1,800,523

The accompanying note is an integral part of this financial statement.

1

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
	$100			California St. Muni. Fin. Auth. Student
				Hsg. Rev., Bowles Hall Foundation,
				5.00%, 6/01/35			$112,573
	100			California St. Muni. Fin. Auth. Student
				Hsg. Rev., Orchard Park Student HSD Proj.,
				4.00%, 5/15/39, BAM			122,215
	100			California St. Muni. Fin. Auth. Student
				Hsg. Rev., Orchard Park Student HSD Proj.,
				4.00%, 5/15/40, BAM			121,859
	1,000			California St. Gen. Oblig.,
				5.00% 10/01/28			1,147,938
	1,000			California St. Pub. Wks. Brd. Lease Rev.,
				Dept. of Corrections and Rehab.,
				5.25%, 9/01/29			1,104,679
	600			Contra Costa Cnty. Successor Agy.
				to Redev. Agy., Tax Allocation,
				5.00%, 8/01/35, BAM			738,152
	1,000			Garden Grove Successor Agy. to Agy.
				Cmty. Dev., Tax Allocation,
				5.00%, 10/01/31, BAM			1,185,825
	2,000			Gilroy Unified Sch. Dist. Gen. Oblig.,
				4.00%, 8/01/41			2,294,512
	280			Lancaster Successor Agy. to Redev. Agy.,
				Tax Allocation,
				5.00%, 8/01/33, AGM			334,952
	250			Palm Desert Successor Agy. to Redev.
				Agy., Tax Allocation,
				5.00%, 10/01/28, BAM			307,817
	1,215			San Marcos Successor Agy. to Redev.
				Agy., Tax Allocation,
				5.00%, 10/01/32			1,426,208
	2,000			San Mateo Successor Agy. to Redev.
				Agy., Tax Allocation,
				5.00%, 8/01/30			2,306,459
	1,000			Santa Clarita Cmnty. Clg. Dist. Gen. Oblig.,
				3.00%, 8/01/49			1,065,337
	1,000			Temple City Unified Sch. Dist. Gen. Oblig.,
				4.00%, 8/01/43			1,123,935
	575			Univ. of California Rev.,
				5.00%, 5/15/46			761,238
	1,750			Univ. of California Rev.,
				4.00%, 5/15/48			2,033,648
							19,706,373

The accompanying note is an integral part of this financial statement.

2

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
				Colorado - 4.7%
	$175			Colorado St. Hsg. & Fin. Auth. Rev.,
				3.60%, 11/01/38			$185,971
	320			Colorado St. Rural Colorado COP,
				4.00%, 12/15/40			395,858
	1,000			Eagle River Wtr. & Santn. Dist.
				Enterprise Wstwtr. Rev.,
				5.00%, 12/01/42
				Prerefunded 12/01/22 @ $100 (b)			1,064,030
	2,015			Public Auth. for Colorado Energy,
				Natural Gas Purch. Rev.,
				6.25%, 11/15/28			2,577,600
	1,000			Univ. of Colorado Enterprise Rev.,
				4.00%, 6/01/43			1,172,944
							5,396,403
				Connecticut - 7.6%
	900			Connecticut St. Gen. Oblig.,
				5.00%, 9/15/35			1,143,592
	705			Connecticut St. Gen. Oblig.,
				4.00%, 4/15/38			840,451
	500			Connecticut St. Hlth. & Edl. Facs. Auth.
				Rev., Univ. of New Haven,
				5.00%, 7/01/43			581,265
	550			Connecticut St. Hlth. & Edl. Facs. Auth.
				Rev., Yale-New Haven Hosp.,
				5.00%, 7/01/48			597,882
	250			Connecticut St. Hgr. Edu. Supplemental
				Loan Auth. Rev.,
				3.25%, 11/15/36			261,532
	500			Connecticut St. Hsg. Auth. Rev.,
				3.00%, 5/15/33			537,015
	500			Connecticut St. Hsg. Auth. Rev.,
				3.20%, 11/15/33			536,627
	150			Connecticut St. Hsg. Auth. Rev.,
				1.85%, 5/15/38			148,649
	1,255			Connecticut St. Spl. Tax Oblig. Rev.,
				3.125%, 5/01/40			1,401,927
	1,000			S. Central Connecticut Reg. Wtr. Auth. Rev.,
				5.00%, 8/01/41
				Prerefunded 8/01/21 @ $100 (b)			1,000,000
	1,300			Univ. of Connecticut Spec. Oblig. Rev.,
				5.00%, 11/15/43			1,616,784
							8,665,724

The accompanying note is an integral part of this financial statement.

3

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
				District of Columbia - 1.1%
	$1,000			District of Columbia Gen. Oblig.,
				5.00%, 6/01/43			$1,252,800
				Florida - 21.5%
	755			Brevard Cnty. Sch. Brd. Ref. COP,
				5.00%, 7/01/32			933,869
	750			Broward Cnty. Port Fac. Rev.,
				4.00%, 9/01/49			865,927
	1,000			Central Florida Expwy. Auth. Rev.,
				4.00%, 7/01/36			1,135,956
	1,175			Escambia Cnty. Hlth. Fac. Auth. Rev.,
				Baptist Hosp.,
				3.00%, 8/15/50, AGM			1,252,765
	2,350			Florida St. Brd. of Gov. Florida State Univ.
				Dorm Rev.,
				5.00%, 5/01/33			2,546,130
	1,000			Hillsborough Cnty. Aviation Auth. Rev.,
				Tampa Int’l. Arpt.,
				5.00%, 10/01/44			1,132,019
	500			Lee Cnty. Tran. Fac. Rev.,
				5.00%, 10/01/35, AGM			569,718
	1,080			Miami Beach Hlth. Facs. Auth. Rev.,
				Mt. Sinai Med. Ctr.,
				5.00%, 11/15/39			1,203,048
	500			Miami Beach Redev. Agy. Rev.,
				5.00%, 2/01/40, AGM			553,201
	1,250			Miami-Dade Cnty. Ed. Facs. Auth. Rev.,
				Univ. of Miami,
				5.00%, 4/01/45			1,427,490
	2,220			Miami-Dade Cnty. Sch. Brd. Ref. COP,
				5.00%, 2/01/34			2,619,712
	250			Miami-Dade Cnty. Aviation Rev.,
				5.00%, 10/01/32
				Prerefunded 10/01/22 @ $100 (b)			264,000
	1,000			Reedy Creek Impvt. Dist. Gen. Oblig.,
				5.00%, 6/01/38
				Prerefunded 6/01/23 @ $100 (b)			1,089,649
	2,035			Seminole Cnty. Sales Tax Rev.,
				5.25%, 10/01/31, NRE			2,715,894
	2,190			Seminole Cnty. Sch. Brd. COP,
				5.00%, 7/01/33			2,633,501

The accompanying note is an integral part of this financial statement.

4

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
	$830			S. Florida Wtr. Mgmt. Dist. COP,
				5.00%, 10/01/35			$989,972
	470			Tallahassee Hlth. Facs. Rev.,
				Tallahassee Memorial Hlthcare.,
				5.00%, 12/01/41			540,968
	665			Tampa-Hillsborough Cnty. Expwy. Auth. Rev.,
				4.00%, 7/01/42			769,666
	1,000			Tampa-Hillsborough Cnty. Expwy. Auth. Rev.,
				5.00%, 7/01/47			1,217,518
							24,461,003
				Georgia - 0.5%
	500			Atlanta Arpt. Passenger Fac. Charge Gen. Rev.,
				5.00%, 1/01/32			556,106
				Idaho - 0.3%
	240			Idaho St. Hlth. Facs. Auth. Rev.,
				St. Luke’s Hlth. Sys.,
				5.00%, 3/01/37			299,257
				Illinois - 15.3%
	500			Chicago Multi-Family Hsg. Rev.,
				4.90%, 3/20/44, FHA			501,677
	1,000			Chicago O’Hare Intl. Arpt. Rev.,
				Customer Fac. Charge,
				5.125%, 1/01/30, AGM			1,067,688
	620			Chicago O’Hare Intl. Arpt. Rev.,
				5.25%, 1/01/42			757,488
	250			Chicago Sales Tax Rev.,
				5.00%, 1/01/30
				Prerefunded 1/01/25 @ $100 (b)			290,216
	250			Chicago Wtrwks. Rev.,
				5.00%, 11/01/30			302,730
	650			Chicago Wtrwks. Rev.,
				5.25%, 11/01/32, AGM			822,094
	250			Chicago Wtrwks. Rev.,
				5.00%, 11/01/36, AGM			310,128
	865			Chicago Wtrwks. Rev.,
				5.00%, 11/01/44			977,035
	170			Illinois St. Fin. Auth. Rev.,
				Advocate Hlth. Care Network,
				5.00%, 5/01/45
				Prerefunded 5/01/25 @ $100 (b)			199,380

The accompanying note is an integral part of this financial statement.

5

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
	$1,055			Illinois St. Fin. Auth. Rev.,
				Advocate Hlth. Care Network,
				5.00%, 5/01/45
				Prerefunded 5/01/25 @ $100 (b)			$1,239,487
	525			Illinois St. Fin. Auth. Rev.,
				Northwestern Memorial Hlthcare.,
				(fka Centegra Hlth. Sys.),
				5.00%, 9/01/42			596,957
	520			Illinois St. Fin. Auth. Rev.,
				Northwestern Memorial Hlthcare.,
				5.00%, 8/15/37			545,597
	1,070			Illinois St. Fin. Auth. Rev.,
				Rush Univ. Med. Ctr.,
				4.00%, 11/15/39			1,179,034
	1,000			Illinois St. Fin. Auth. Rev.,
				Rush Univ. Med. Ctr.,
				5.00%, 11/15/39			1,154,664
	1,000			Illinois St. Gen. Oblig.,
				5.00%, 2/01/27			1,222,877
	2,020			Illinois St. Gen. Oblig.,
				5.50%, 1/01/29			2,642,294
	750			Illinois St. Toll Hwy. Auth. Rev.,
				5.00%, 1/01/41			895,887
	330			Railsplitter Tobacco Settlement Auth. Rev.,
				5.00%, 6/01/27			398,674
	1,000			Sales Tax Securitization Corp. Rev.,
				5.00%, 1/01/48			1,208,437
	1,000			Univ. of Illinois Aux. Facs. Sys. Rev.,
				5.00%, 4/01/34			1,112,244
							17,424,588
				Indiana - 2.4%
	240			Indiana St. Fin. Auth. Hosp. Rev.,
				Indiana Univ. Hlth.,
				5.00%, 12/01/28			277,222
	2,000			Indiana St. Fin. Auth. Hosp. Rev.,
				Parkview Hlth.,
				5.00%, 11/01/43			2,508,327
							2,785,549
				Kentucky - 1%
	900			Kentucky Bond Dev. Corp.
				Transient Room Tax Rev.,
				5.00%, 9/01/43			1,106,647

The accompanying note is an integral part of this financial statement.

6

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
				Louisiana - 4.7%
	$1,250			Louisiana St. Stadium & Exposition Dist. Rev.,
				5.00%, 7/01/30		$	1,362,314
	605			Louisiana St. Stadium & Exposition Dist. Rev.,
				5.00%, 7/01/36			658,354
	1,250			Louisiana St. Tran. Auth. Rev.,
				5.00%, 8/15/38
				Prerefunded 8/15/23 @ $100 (b)			1,373,036
	300			New Orleans Swr. Svc. Rev.,
				5.00%, 6/01/44
				Prerefunded 6/01/24 @ $100 (b)			340,219
	500			Port of New Orleans Brd. of
				Commissioners Port Fac. Rev.,
				5.00%, 4/01/33
				Prerefunded 4/01/23 @ $100 (b)			538,212
	1,000			Terrebonne Parish Consol. Wtrwks.
				Dist. No. 1 Rev.,
				5.00%, 11/01/37
				Prerefunded 11/01/22 @ $100 (b)			1,060,015
							5,332,150
				Maine - 2.1%
	100			Maine St. Hlth. & Hgr. Edl. Facs. Auth. Rev.,
				5.00%, 7/01/33,
				Prerefunded 7/01/23 @ $100 (b)			109,050
	905			Maine St. Hlth. & Hgr. Edl. Facs. Auth. Rev.,
				5.00%, 7/01/33			982,880
	610			Portland General Arpt. Rev.,
				5.00%, 7/01/31			660,663
	540			Portland General Arpt. Rev.,
				5.00%, 7/01/32			584,849
							2,337,442
				Maryland - 1.4%
	500			Maryland St. Cmnty. Dev. Admin.,
				Dept. of Hsg. And Cmnty. Dev. Rev.,
				1.95%, 9/01/41			499,809
	1,000			Maryland St. Hlth. & Hgr. Edl. Facs. Auth. Rev.,
				Luminis Hlth.,
				5.00%, 7/01/39			1,111,075
							1,610,884
				Massachusetts - 6.2%
	3,000			Massachusetts St. Bay Trans. Auth. Rev.,
				5.50%, 7/01/29, NRE			4,088,075
	1,000			Massachusetts St. Gen. Oblig.,
				5.50%, 8/01/30, AMBAC			1,399,623

The accompanying note is an integral part of this financial statement.

7

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
	$300			Massachusetts St. Hsg. Fin. Agy. Rev.,
				3.00%, 12/01/45			$319,988
	1,000			Massachusetts St. Port Auth. Rev.,
				5.00%, 7/01/47			1,197,925
							7,005,611
				Michigan - 2.3%
	550			Michigan St. Fin. Auth. Rev.,
				Beaumont Hlth. Credit Group,
				5.00%, 11/01/44			642,788
	540			Michigan St. Bldg. Auth. Rev.,
				4.00%, 10/15/36			618,193
	1,020			Michigan St. Hsg. Dev. Auth. Rev.,
				2.80%, 12/01/45			1,073,757
	225			Royal Oak Hosp. Fin. Auth. Rev.,
				William Beaumont Hosp.,
				5.00%, 9/01/39			250,429
							2,585,167
				Minnesota - 0.2%
	235			Minnesota St. Hsg. Fin. Agy.,
				2.70%, 7/01/44			246,853
				Mississippi - 0.6%
	600			Mississippi St. Gen. Oblig.,
				4.00%, 10/01/39			725,330
				Nebraska - 2.6%
	500			Nebraska St. Pub. Pwr. Dist. Gen. Rev.,
				5.00%, 1/01/34			509,535
	1,925			Omaha Gen. Oblig.,
				5.25%, 4/01/27			2,432,307
							2,941,842
				New Jersey - 2.5%
	400			Camden Cnty. Impvt. Auth. Hlthcare.
				Redev. Rev., Cooper Hlth. Sys.,
				5.00%, 2/15/33			440,713
	240			New Jersey St. Tpk. Auth. Rev.,
				4.00%, 1/01/35			283,346
	1,750			Tobacco Settlement Financing Corp. Rev.,
				5.25%, 6/01/46			2,155,185
							2,879,244

The accompanying note is an integral part of this financial statement.

8

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
				New York - 12.2%
	$1,000			Albany Indl. Dev. Agy. Rev.,
				Brighter Choice Charter Sch.,
				5.00%, 4/01/32			$1,003,505
	300			Buffalo and Erie Cnty. Indl. Land. Dev. Rev.,
				Catholic Hlth. Sys.,
				5.25%, 7/01/35			349,567
	530			Long Island Pwr. Auth. Elec. Sys. Gen. Rev.,
				5.00%, 9/01/42			652,374
	235			Long Island Pwr. Auth. Elec. Sys. Gen. Rev.,
				5.00%, 9/01/42
				Prerefunded 9/01/22 @ $100 (b)			247,506
	465			Long Island Pwr. Auth. Elec. Sys. Gen. Rev.,
				5.00%, 9/01/42			488,609
	600			New York Cntys. Tobacco Trust VI Rev.,
				5.00%, 6/01/45			658,060
	3,000			New York City Hsg. Dev. Corp.,
				Sustainable Dev. Bonds,
				2.40%, 11/01/46			3,038,443
	100			New York City Indl. Dev. Agy.,
				Queens Baseball Stadium Proj. Rev.,
				3.00%, 01/01/37, AGM			110,503
	100			New York City Indl. Dev. Agy.,
				Queens Baseball Stadium Proj. Rev.,
				3.00%, 01/01/39, AGM			109,850
	1,250			New York City Indl. Dev. Agy.,
				Queens Baseball Stadium Proj. Rev.,
				3.00%, 01/01/46, AGM			1,347,957
	1,185			New York City Transitional Fin. Auth. Rev.,
				3.00%, 5/01/45			1,283,144
	2,020			New York St. Dorm. Auth.,
				Personal Inc. Tax Rev.,
				5.00%, 03/15/31			2,348,468
	900			Port Auth. of New York and New Jersey Rev.,
				5.00%, 6/01/33			999,209
	500			Triborough Bridge & Tunnel Auth. Rev.,
				5.00%, 11/15/30			541,207
	195			TSASC Inc. Tobacco Settlement Rev.,
				5.00%, 6/01/34			236,218
	400			Utility Debt Securitization Auth.,
				Restructuring Rev.,
				5.00%, 12/15/31			445,100
							13,859,720

The accompanying note is an integral part of this financial statement.

9

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
				North Carolina - 0.2%
	$245			North Carolina St. Hsg. Fin. Agy. Rev.,
				2.85%, 1/01/43			$257,395
				Ohio - 1.9%
	775			Buckeye Tobacco Settlement Fin. Auth. Rev.,
				4.00%, 6/01/48			906,679
	570			Northeast Ohio Regl. Swr. Dist. Rev.,
				4.00%, 11/15/43			666,755
	595			Ohio St. Hsg. Fin. Agy. Rev.,
				2.45%, 9/01/45			609,631
							2,183,065
				Oregon - 2.2%
	500			Oregon St. Gen. Oblig.,
				5.00%, 5/01/41			596,026
	570			Port of Portland Intl. Arpt. Rev.,
				5.00%, 7/01/32			641,535
	1,000			Washington Cnty. Sch. Dist. 48J
				(Beaverton), Gen. Oblig.
				5.00%, 6/15/36			1,231,519
							2,469,080
				Pennsylvania - 3%
	2,000			Delaware River Port Auth. Rev.,
				5.00%, 1/01/34			2,220,326
	450			Pennsylvania St. Tpk. Commision Rev.,
				6.375%, 12/01/38			598,827
	500			Pennsylvania St. Tpk. Commision Rev.,
				4.00%, 12/01/46			601,736
							3,420,889
				Rhode Island - 2.5%
	1,070			Rhode Island St. Clean Wtr. Fin. Agy.,
				Wtr. Poll. Control Rev. (Green Bonds),
				5.00%, 10/01/32			1,225,009
	1,600			Rhode Island St. Hlth. & Edl. Bldg. Corp.,
				Higher Ed. Facs. Rev.,
				Providence College,
				5.00%, 11/01/41
				Refunded 11/01/21 @ $100 (b)			1,619,195
							2,844,204
				South Carolina - 2.2%
	2,000			Charleston Cnty. Spl. Source Rev.,
				5.00%, 12/01/32			2,208,125
	290			SCAGO Edl. Facs. Corp. Rev.,
				Pickens Cnty. Sch. Dist.,
				5.00%, 12/01/24			334,245
							2,542,370

The accompanying note is an integral part of this financial statement.

10

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
				Tennessee - 4.4%
	$250			Chattanooga-Hamilton Cnty. Hosp. Auth. Rev.,
				Erlanger Hlth. Sys.,
				5.00%, 10/01/34			$281,859
	1,000			Tennessee St. Energy Acquisition Corp. Rev.,
				5.25%, 9/01/21			1,003,930
	375			Tennessee St. Hsg. Dev. Agy.,
				3.625%, 7/01/32			397,040
	385			Tennessee St. Hsg. Dev. Agy.,
				3.90%, 7/01/42			424,313
	410			Tennessee St. Hsg. Dev. Agy.,
				4.00%, 7/01/43			455,436
	2,000			Tennessee St. Sch. Bond Auth. Rev.,
				5.00%, 11/01/42			2,463,147
							5,025,725
				Texas - 17.1%
	850			Austin Indep. Sch. Dist. Gen. Oblig.,
				4.00%, 8/01/36, PSF			983,051
	500			Carrollton-Farmers Branch Indep. Sch. Dist. Gen. Oblig.,
				3.00%, 2/15/41, PSF			567,480
	500			Cypress-Fairbanks Indep. Sch. Dist. Gen. Oblig.,
				2.25%, 2/15/43, PSF			514,723
	500			Cypress-Fairbanks Indep. Sch. Dist. Gen. Oblig.,
				2.25%, 2/15/44, PSF			513,556
	550			Cypress-Fairbanks Indep. Sch. Dist. Gen. Oblig.,
				2.25%, 2/15/45, PSF			563,464
	650			Dallas Area Rapid Transit Rev.,
				5.00%, 12/01/41			767,257
	500			Houston Arpt. Sys. Rev.,
				5.00%, 7/01/32
				Prerefunded 7/01/22 @ $100 (b)			521,788
	1,250			Houston Arpt. Sys. Rev.,
				5.00%, 7/01/39			1,569,352
	1,000			Houston Hotel Occupancy Tax & Spl. Rev.,
				5.25%, 9/01/29
				Refunded 9/07/21 @ $100 (b)			1,004,871
	1,410			Houston Util. Sys. Rev.,
				5.00%, 11/15/32
				Prerefunded 11/15/23 @ $100 (b)			1,567,534
	1,625			Keller Indep. Sch. Dist. Gen. Oblig.,
				4.00%, 2/15/47, PSF			1,919,777
	1,000			Klein Indep. Sch. Dist. Gen. Oblig.,
				3.00%, 8/01/46, PSF			1,120,516

The accompanying note is an integral part of this financial statement.

11

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
	$1,000			Lewisville Indep. Sch. Dist. Gen. Oblig.,
				3.00%, 8/15/39, PSF			$1,100,156
	1,505			North Texas Twy. Auth. Rev.,
				Convertible CAB,
				0.00%, 9/01/43
				Prerefunded 9/01/31 @ $100 (b)			2,135,861
	1,135			North Texas Twy. Auth. Rev.,
				4.00%, 1/01/43			1,305,517
	700			San Antonio Indep. Sch. Dist. Sch. Bldg.
				Gen. Oblig.,
				5.00%, 8/15/38, PSF			840,108
	250			Spring Branch Indep. Sch. Dist. Sch. Bldg.
				Gen. Oblig.,
				3.00%, 2/01/43, PSF			275,730
	1,000			Texas St. Wtr. Development Brd. Rev.,
				St. Wtr. Implementation Fund,
				4.00%, 10/15/47			1,168,797
	1,000			Upper Trinity Reg. Wtr. Dist. Rev.,
				4.00%, 8/01/37, AGM			1,030,649
							19,470,187
				Vermont - 0.5%
	500			Vermont St. Edl. and Hlth. Bldg. Fin. Agy. Rev.,
				Univ. of Vermont Med. Center,
				5.00%, 12/01/35			597,967
				Virginia - 1.9%
	2,000			Virginia St. College Bldg. Auth. Rev.,
				5.00%, 2/01/23			2,148,036
				Washington - 0.4%
	450			King Cnty. Gen. Oblig.,
				Adjustable Rate Bond,
				0.03%, 1/01/46			450,000
				Wisconsin - 1.7%
	1,400			Wisconsin St. Pub. Fin. Auth. Hosp. Rev.,
				Renown Reg. Med. Ctr.,
				5.00%, 6/01/40			1,645,221

The accompanying note is an integral part of this financial statement.

12

DTF TAX-FREE INCOME INC.

SCHEDULE OF INVESTMENTS — (Continued)

July 31, 2021

(Unaudited)

Principal         Amount (000)				Description (a)		Value
	$250			Wisconsin St. Pub. Fin. Auth.,
				Solid Waste Disp. Rev.,
				2.875%, 5/01/27			$275,719
							1,920,940
				Total Long-Term Investments
				(Cost $157,097,536)			172,496,281
				TOTAL INVESTMENTS - 151.6%
				(Cost $157,097,536)			172,496,281
				Remarketable Variable Rate MuniFund Term Preferred Shares at liquidation value - (57.1)%			(65,000,000)
				Other assets less other liabilities - 5.5%			6,243,229
				NET ASSETS APPLICABLE TO COMMON STOCK - 100.0%			$113,739,510

(a) The following abbreviations are used in the portfolio descriptions:

AGM - Assured Guaranty Municipal Corp.*

AMBAC - Ambac Assurance Corporation*

BAM - Build America Mutual Assurance Company*

CAB - Capital Appreciation Bond

COP - Certificate of Participation

FHA - Federal Housing Authority*

NRE - National Public Finance Guarantee Corporation*

PSF - Texas Permanent School Fund*

* Indicates an obligation of credit support, in whole or in part.

(b) Prerefunded and refunded issues are secured by escrowed cash, U.S. government obligations, or other securities.

The percentage shown for each investment category is the total value of that category as a percentage of the net assets applicable to common stock of the Fund.

Note 1. Investment Valuation

The Fund’s investments are carried at fair value which is defined as the price that the Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. The three-tier hierarchy of inputs established to classify fair value measurements for disclosure purposes is summarized in the three broad levels listed below.

Level 1 – quoted prices in active markets for identical securities.

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. For more information about the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements contained in its semi-annual report. The following is a summary of the inputs used to value each of the Fund’s investments at July 31, 2021:

		Level 2
Municipal bonds		$	172,496,281

There were no Level 1 or Level 3 priced securities held and there were no transfers into or out of Level 3.

Other information regarding the Fund is available on the Fund’s website at www.dpimc.com/dtf or the Securities and Exchange

Commission’s website at www.sec.gov.

13